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Good do forms are Litrcoins. The next component you need is real U, which is real to be your username. Here, Litecoins mining you're a historian myocardium research on the periodic days of Litecoin, GPU awareness is almost certainly a bad but. So put in my four-digit pin that I solved when I created my mounting. Now go to these links and reality the latest drivers for your enthusiasm card and install them. So Litecoin is a cryptocurrency and cryptocurrencies net you to send and ideate information from one wow to another like with unfettered encryption properties.
And I could select that. Ljtecoins are the two links for AMD drivers. Just go to these links and download the latest drivers for your graphics card and install them. GPU Thread, the default Litecoins mining was one. Work size, default is two fifty-six. Now the intensity, this Litexoins really where — this is — this number here is going to make the biggest difference in your kilohertz per second or your megahertz per second speeds. So intensity, twenty is really high; ten is really low. I think fifteen is good.
We want to Litecoinx sure stratum is clicked yes. And my speed is a hundred and seventy-nine kilohertz per second. And you might find that by selecting something in the GPU default, it helps you out and it works for some reason. And the only number that really changed was this number here and my intensity. So if we increase our threat concurrency, and this miming in kilobytes, we can increase our speed. It could potentially burn them out, Litecoins mining them. All in all, these are good numbers to go with, to start off and to see what your speed is for mining. Litecions then you can increase the intensity or increase the thread concurrency a little bit as you see minimg, to see if you get better results.
So if I click on stats, I can get to my stats here and my dashboard here on the left-hand side. I hope you enjoy part one of the Litecoin For Beginners video series. Please rate, comment and subscribe. So thank you so Lotecoins for watching. Transcript - Litecoin Mining on Mac All minint. The first thing you need to do is join a Litecoin pool using CoinHunter. You can find tons online. When you get minnig one of these sites, first thing you need to do is create an account minung the site. You can click that button down there. So once you are in, this is what the interior of the mining pool website mibing like. All you really need to do in here is go to your account to Workers, which is on the sidebar there.
And then you just need to create a new worker. Just create that worker. You can see now that there is a new worker created. The first is your username, which is Ardo in my case. The next is the worker name, which Litecoihs this case is worker 2. And then you also have to Litecoin the worker Guy seeking single woman in el banco, which in this case is worker 2, as well. The last thing you need to know is the host name of this pool, which you can find in help. So the next thing you need to do is download the actual software to do the mining. Go ahead and download that.
Now to run this, we need to use an application called Terminal. You can find that in your applications folder under Utilities. It should be all the way at the bottom here, yep, double click it. You open up a Terminal, it looks like this. You then need to change the permissions on minerd. So, you type chmod minerd, which is going to allow you to run the file. The first thing you need is dash O and then you paste that host name that you copied earlier. The next thing you need is dash U, which is going to be your username.
You need to put your pool username dot your worker name. After that, you need dash P, which is going to be your worker password. In my case, this is worker 2, as well. This has been running for about thirty minutes. The hash rate is a little higher now. But more importantly, you see these accepted messages which means that you are, in fact, generating valid Litecoins. If you zoom out now and go back to that mining pool website, go ahead and refresh that. You can confirm that this is working here, as well. You can confirm down here, as well. You can take a look at your specific worker and see that that worker definitely is generating hashes. Transcript - Litecoin Mining on Windows Hey there!
So but you can basically run both of them at the same time to maximize your yield. Otherwise it will just take ages for you to do anything unless you have like a huge computer farm or you can have like massive amounts of hashing power available, but usually for hobbies and the general normal people doing it through a mining pool usually ends ups being the better choice. You can use the main one here. It will take like hours to synchronize this stuff. What you want to do is you want to maybe create a new one for your mining pool. And I made this address for it, for this computer.
As you can see I just installed this like a few hours ago. So you just paste that stuff in here and enter your pin code. Yeah, you have to remember your pin code and then click update account settings. So what that will do is it will enable you to start mining, because now they have an address where they pay your yield. What I did here like that they have by default there is one worker and had a default password is X. And yeah, basically how you do that is down here you just type like GPU 2 and add password, whatever. And then click add worker. And one of them is CPU miner which you can find in here on this thread at bitcointalk.
You can check it out from there. So you just download it from here and then you extract it to your desired location. I put it actually in my Litecoin folder. I made another folder called miners. And the way I did that as like on my desktop here for example. You can right click and make in your text document. Now if you have the suffixes here so that you can see them, you can edit that and just rename it BAT. Just click yes and then you right click that and edit. And what you want to put here is minerd. Type your name that you created for the website and then dot workers suffix.
And then you just go ahead. And you go here and you type minerd help. By default it has number — the number of threads attached by default is the number of processors you have but you can modify that as well by, you know, putting T like if I want like one thread then I just dash T space one and so on. And then you basically just save that and then from your desktop, control C, copy it and then you paste it in here where your mining executable file is. But this needs to be in the same folder. And then after that you can create like a shortcut of the BAT file to your desktop. And then you just run it off that when you want to mine.
And yeah, so the next one would be the GPU miner. The Cudaminer is only for NVidia graphics cards. You go here to get started. Click on get started. But you can download Cudaminer. And you download the newest version which has a 32 bit and 64 bit version in the same zip file as well as the source code in case you want to compile it on Linux or compile it on Windows yourself to make some tweaks or whatever. And you basically extract.
The miner that successfully creates a Litecoins mining is rewarded with 25 freshly minted litecoins. Every few days, the difficulty of the criteria for the hash is adjusted based on how frequently blocks are appearing, so more competition between miners equals more work needed to find a block. This network difficulty, so called because it is the same for all miners, can be quantified by a number; right now, it is 10, Should You Mine Litecoins? Litecoin mining can be profitable, but only under certain conditions. The introduction of specialized mining hardware commonly referred to as ASICswhich can mine much faster and much more efficiently, has made finding blocks much harder with general-purpose hardware.
Unfortunately, ASIC hardware is far from being a sure-fire investment either. Potential buyers should be extremely careful, as various elements should be considered: For this reason, it is important to make a realistic prediction of how the difficulty will evolve in the near future. ASIC hardware can mine litecoins extremely efficiently, but that's all it can do. It cannot be refitted for other purposes, so the resale value is very low. In particular, there have been many horror stories about preordering mining hardware.
Good starting points are LitecoinTalk.
Don't feel like investing in expensive hardware? Not everyone needs Litecoins mining be a miner. In fact, the easiest way to get Litecoins mining with Litecoin is to buy some at an exchange. What are Mining Pools? As we've seen above, finding a block is very hard. Even with powerful hardware, it could take a solo miner months, or even years! This is why mining pools were invented: Pool users earn shares by submitting valid proofs of work, and are then rewarded according to the amount of work they contributed to solving a block. The reward systems used by mining pools can be roughly subdivided into two categories: Proportional systems are round-based: